From Idea To Impact.
— Frank Agono, Vilo Finance (Canada)
Our payment structure is straightforward and we do not take equity or stock options in any startup that gets into our program, except in special cases.
Once you get a scope, quote and assigned team, you would only be required to pay 35% or 40% of the total cost of the project during development, the remaining 65% or 60% can either be split and paid monthly/quarterly before you raise or paid in full when you raise X5 of your debt or converted to equity if you were unable to raise X5
Here's a simplified breakdown for better comprehension:
Imagine we’re pricing your product at a total of $30,000. In this scenario, you’d initially pay $10,500 to initiate the product’s development. Subsequently, once you secure an investment exceeding $97,500 (calculated as $19,500 multiplied by 5), an additional payment of $19,500 would be due.
The $10,500 earmarked for product development will be distributed across key milestones, ensuring you only pay for completed tasks:
- 50% to Begin the Project - $5,250
- 30% to Start Development Phase - $3,150
- 20% After Successful Product Launch - $2,100
Once You Get Into The Program:
Once you are selected, you will get an email with access details to our virtual campus, you will get a unique code that will be used to sign up on the web portal/mobile application.
From here you can see your assigned team, engage them, make payments, see development updates and do other things.
Once you’re onboarded, we will begin our 3 to 4 month sprint to develop your MVP/Product. You will be able to test, make corrections and follow through every step of the way.
